1, WAKEFIELD CLOSE, GRANTHAM, NG31 8RT - £169,950

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 WAKEFIELD CLOSE is a very small detached house of 58m², built sometime between 1983 and 1990, which could now be worth an estimated £216,172. It was last sold for £169,950 in October 2017, which was around 41% below the average October 2017 detached price in the South Kesteven local authority area. The most recent EPC inspection was November 2015, where the current energy rating was D, and the potential energy rating was B.

1 WAKEFIELD CLOSE Sold Prices

Land registry data shows three sales for 1 WAKEFIELD CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. All of the three 1 WAKEFIELD CLOSE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2017 5 OCT	£169,950	£286,688	41% below HPI
2013 19 MAR	£123,500	£211,641	42% below HPI
1995 25 SEP	£44,000	£71,060	38% below HPI

1 WAKEFIELD CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Kesteven local authority area over time, sourced from the HPI. The three 1 WAKEFIELD CLOSE sales between September 1995 and October 2017 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the March 2013 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the October 2017 sale, where it rises to 41% below the HPI. The line then continues to track at 41% below the HPI.

What might 1 WAKEFIELD CLOSE be worth now?

1 WAKEFIELD CLOSE might now be worth an estimated £216,172.

This is based on house price inflation of 27.2%, between October 2017 and February 2025, for detached houses, in the South Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 27.2% inflationary increase is applied to the most recent sale price for 1 WAKEFIELD CLOSE of £169,950 on 5th October 2017. For the value to have increased from £169,950 to £216,172 over the eight years and eight months to February 2025, the following assumptions must hold true:

• The value of 1 WAKEFIELD CLOSE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The October 2017 sale price of £169,950 represented a fair market value for the property.
• The size, condition, and specification of 1 WAKEFIELD CLOSE has not materially changed since October 2017.

How Large is 1 WAKEFIELD CLOSE?

1 WAKEFIELD CLOSE is 58m² according to the EPC inspection conducted in November 2015. This puts it in the smallest 10% of detached houses houses in Grantham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Grantham, and where 1 WAKEFIELD CLOSE lies on this distribution: 3% of detached houses houses are smaller than 1 WAKEFIELD CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Grantham.

1 WAKEFIELD CLOSE: Plot and Title Map

1 WAKEFIELD CLOSE sits on a plot of roughly 0.073 of an acre, or 294m². The below map shows the location of 1 WAKEFIELD CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 WAKEFIELD CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 WAKEFIELD CLOSE?

1 WAKEFIELD CLOSE is located in GRANTHAM, in the NG31 postcode district. The below map shows the position of No. 1 on WAKEFIELD CLOSE.